We are in a deep, deep hole working in a town where the political debate, in my view, is almost utterly unmoored from the facts.

the value of the modified mortgage is worth more than the proceeds from a foreclosure sale would be, it would seem to me, and I could be wrong.

But it seems it is clearly in the interest of people that can pay on their loans at a reduced value and who want to stay in their home, it is clearly in their interest to do that, right?

I think they are potentially devastating.

this entire conversation has been like watching a slow-moving train wreck for 22 months.

I hope we hear a lot more like that one going forward.

the entire economic recovery in many respects rests on our being able to get this sorted out.

that loan be modified and that that person remain in their house, because if they do not, the value of their house is just going to go down.

Thank you for holding this hearing, although I have to say it is so depressing how little we have moved in the last 3 years on these questions.

I think the dual track has a lot to do with it.

Not as far as the investors are concerned, right?